Yes that's correct, on average TSLA is down more then SPX. But you cannot compare a index to a single stock. Since you'll have stocks that are also up. Compare

Yes that's correct, on average TSLA is down more then SPX. But you cannot compare a index to a single stock. Since you'll have stocks that are also up. Compared to the other leaders weight wise in the SP500 (AAPL, MSFT, GOOGL, AMZN, etc) TSLA is down about the same.